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Wada is close to signing a deal with the Fukuoka Softbank Hawks to return to Japan, the Japan Times reports.
Wada played for Fukuoka in Japan from 2003 to 2011 before leaving for the Cubs in 2012. It looks like Wada has decided to finish his career in Japan.

Wada was designated for assignment by the Cubs on Sunday, Mark Gonzales of the Chicago Tribune reports.
Wada didn't make the postseason roster, and the veteran wasn't particularly good this season, so he'll now lose his spot on the 40-man roster in favor Taylor Teagarden.

The Cubs have recalled outfielder Quintin Berry , right-hander Trevor Cahill and left-hander Tsuyoshi Wada from Triple-A Iowa on Tuesday.
The Cubs signed Berry to a minor-league deal last week after he was released by the Red Sox. He hit .225 with four home runs and 38 RBI between the Red Sox and Cubs Triple-A affiliates.
Likewise, the Cubs inked Cahill to a minor-league contract on Aug. 19 after his release from the Dodgers. Cahill, a former second-round draft pick, is with his third organization this season, though he's only made 15 big-league appearances in 2015.
Wada made seven starts with the Cubs earlier this season, going 1-1 with a 3.73 ERA. He suffered a shoulder injury which forced him to the disabled list. He was sent to the minor leagues after being activated from the DL.

Cubs left-hander Tsuyoshi Wada was activated from the disabled list. He was then subsequentley optioned to Triple-A Iowa on Tuesday, according to ESPN.com.
Wada had been sidelined with inflammation in his left deltoid muscle, and hasn't pitched with the Cubs since June 22.
He was 1-1 with a 3.73 ERA in seven starts before going down with the injury.

Cubs right-hander Tsuyoshi Wada has moved his minor league rehab assignment to Triple-A Iowa. On Saturday, Wada made the start for the Iowa Cubs, allowing one run on four hits and two walks over four innings.
Wada has been on the disabled list with a shoulder injury since June 28. He hasn't pitched for the Cubs since June 22, but he does own a 3.73 ERA in seven starts this season.